If they manage to stabilise the Hampers business and maintain postive EBIT this half, there is a chance they could salvage value from selling off the business.
My reading of "strategic review" is that they are looking to offload the business and the main shareholders/directors are probably looking at retirement following the sale of the main business.Based on a share price of 33, post dist (18c cap +7 c div), they are looking at a share price of 8c, translating to a market value of ~14m. Cash ~10m leaves the hampers business at ~5m. If they stick to their plan of 7c div, i do see value.
Ann: Dividend/Distribution - PTL, page-16
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PTL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $29.83M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $33.94K | 189.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 231154 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 48316 | 2 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| PTL (ASX) Chart |